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    1. ClassroomOwn4354 on

      They are afraid of Amazon that wants to compete with their main revenue source and need a big slush fund in order to weather the inevitable turbulence because Amazon almost never plays fair and as a company is two orders of magnitude bigger than SpaceX in everything but valuation. And a new rocket seems to be debuting every other month at this point and lately those have been attempting to land their first stage like what they are famous for. The ISS is being de-orbited in 5 years and so there goes the Dragon revenue. That is their 3 products – launch, starlink and dragon.

    2. Substantial__Unit on

      Private investors are probably topped off, this can happen when the smart money feels like SpaceX is at the top of its value,or is heavily over valued. The less smart money from public markets can then help SpaceX bit it can also push its over valuation higher making it even more risky. Which of these it is I have no idea.

    3. Pre-Trump, the conventional wisdom would say public ownership would kill the Martian dream as there’s little possibility of profit. But now, Musk may feel he can bully the board and his investors into supporting whatever he wants (see Tesla).

      So is Elon giving up on Mars, or is this just another sign that the uberbillionaires can do whatever they want?

    4. Skeptical0ptimist on

      Hmm.

      For years, Musk has been poo-pooing space based solar power generation due to conversion losses from optical photon to electrons, then electrons to microwave photons back to electrons.

      But I guess now that the use point is in orbital space (space AI data center), he’s on board?

      Given how difficult it is to put in new generation capacity in the terrestrial U.S., and SpaceX virtual monopoly on orbital launch (especially once starship becomes functional), he may have an insurmountable advantage in scaling up AI data centers by launching them into space, at least among the US AI players.

    5. The_Axumite on

      Tesla is ruined..only way to be a trillionare now. We are never going to mars any time soon.

    6. Elon desperately wants to be able to say he’s a trillionaire. Bringing it public will push him over that mark easily.

      So basically a stupid move to soothe his ego at the expense of risking what has made the company successful

    7. He knows just like tesla it’ll be extremely overvalued so he wants da money

    8. runningoutofwords on

      Maybe they’re afraid the Tesla memestock has run its course, and the floor is about to drop out. Time to move the grift over to the next memestock.

    9. zoinkability on

      So Musk can grift more money out of shareholders, presumably. It’s been working great for him at Tesla.

    10. >“The level beyond that is constructing satellite factories on the Moon and using a mass driver (electromagnetic railgun) to accelerate AI satellites to lunar escape velocity without the need for rockets,”

      Dear god, this guy watched a video of Dyson Sphere Program, or something similar, maybe that
      Kurzgesagt video of „How to build a Dyson Sphere“.

    11. so Saudi Arabia can buy the United States space program and ballistic missile technology, duh!

    12. RulerOfSlides on

      For all the people I’ve argued with here over the years that Starship was a bullshit program and Musk was a charlatan, now that Mars is about to be abandoned by an IPO, where’s my apology?

    13. Tesla is dying. The cars are going to have lets say, a challenged resale environment. International competitors are going to eat Elon’s lunch with new sales and Tesla may vary well fold into the dustbin of auto manufacturers. So he needs money. Now that BO is on the scene competition in launch can begin in earnest.

    14. 1. It should be nationalized.

      2. If it goes public does that mean that we no longer have to subsidize it with our tax money?

    15. They are about to get real competition. If they wait until other firms have reusable vehicles, they will not get as high a valuation. They are cashing out now while the cashing out is good.

    16. Spiritual_Impact8246 on

      Private equity will only take you so far without giving up all your ownership. Going public now means keeping the majority stake and continuing to raise funding. You always want to wait to go public until you have maxed out private equity

    17. They can’t continue getting more private funding and they know Elon has a cult following so they can unload their shares on the public for a payoff.

      Possibly due to the insane amount of private funding that the AI space is currently soaking up from everywhere else

    18. This really shows how much Elon Musk has changed over the years. He’s gone from a man who deeply opposed taking his companies public due to the inherit flaws in doing so to a man who is now in support of it.

      That being said, I’ll probably look at investing as I’m sure there’s some money to be made. But the whole humans to Mars goal will basically be tossed right out of the window.

    19. darkenmoonz on

      People forget that Elon cofounded OpenAI and tried to take it public by absorbing it into Tesla. He does not run these futurism companies out of kindness.

    20. dogscatsnscience on

      Over 2/3’s of SpaceX’s launches for the last 2 (at least?) years are Starlink.

      The revenue case for SpaceX heavily relies on whether Starlink can sustainably grow and be profitable, because the non-Starlink business is a much smaller part of the company.

      I suspect public investors will have no clue how to value any of this and hope to get a repeat of Tesla’s meme stock growth, but this may be much harder to sell.

    21. What kind of a question is that? Going public will get the private shareholders and exit and something between 300 and 1000% return on their investment.

    22. TheWorldRider on

      He probably realized his spacefaring goals are unlikely in his lifetime. Might as well cash in.

    23. It is a bit surprising, for a space endeavor one of the benefits of staying private is freedom from FOIA and the ability to keep anything you want under lock and key

      It seems like having a publicly traded entity would jeopardize a lot of the privilege that certain government agencies and private entities can employ

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